Les complémentarités en macroéconomie: éléments théoriques et empirique

Russel Cooper and John Haltiwanger

Annals of Economics and Statistics, 1995, issue 37-38, 163-196

Abstract: This paper studies the role of macroeconomic complementarities, defined as interactions between individuals in a multiagents setting. These models imply that agents'decisions are positively correlated, that decisions are synchronized and that shocks are magnified and propagated. This paper shows that these results can be found in aggregate data or in some microeconomic examples. Moreover, some historical episodes, as the National Industrial Recovery Act period, and the study of seasonnal fluctuations are in favour of these models with macroeconomic complementariries.

Date: 1995
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/20075985 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1995:i:37-38:p:163-196

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().